Why Do We Have to Save the U.S. Stock Market?

Everything done today by U.S. political goons is all about one thing — prop up the stock market no matter what. Dollar down? So what! Stock market is up! Inflation is on the doorstep do we need to raise rates? No way! We can’t do that it will pop the stock market! It’s almost like policy makers believe that even though the value of U.S. equities is being diminished by a dropping dollar, if they don’t prop the stock market up all hell will break loose. Or maybe they believe that a crashed stock market could stay that way permanently — causing a psychological meltdown that can’t be recovered from. More:

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2 thoughts on “Why Do We Have to Save the U.S. Stock Market?

  1. “It’s almost like policy makers believe that even though the value of U.S. equities is being diminished by a dropping dollar, if they don’t prop the stock market up all hell will break loose.”

    Indeed – its called “not getting reelected”. I think that’s the only thing they ultimately care about – maintaining power.

    Although I discount what Noriel Roubini says anymore since he’s attained rock star status, sometimes he still says some things worth considering:

    http://www.cnbc.com/id/33489441

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